David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than $200 million worth of holdings related to the digital-asset industry,

David Sacks, the venture capitalist advising President Trump on crypto and AI policy, sold $85 million of crypto-related assets in order to satisfy government ethics rules, according to a White House memo.

David Sacks sold over $200 million in crypto investments before stepping into his role as the Trump administration’s AI and crypto czar, according to a March 5 White House memo. The document revealed that $85 million of those assets were personally owned by David,

It was only three years ago that a dispute between an infamous crypto billionaire and a titan of the financial establishment became the center of attention at an annual event known as the Davos of the derivatives market.

On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda.

Goldman Sachs, the second-largest investment bank in the world, has finally acknowledged crypto in its annual shareholder letter, breaking a years-long silence on the industry. The Wall Street giant,